Avanti Feeds Ltd logo

Avanti Feeds Ltd

AVANTIFEED NSE

Key Fundamentals

MicrocapAnimal FeedFood Products
Market Cap
₹11,900 Cr
Volatility
Moderate
P/E Ratio
22.3
EBITDA
₹959 Cr
Return on Equity
17.68%
Debt to Equity
0
Book Value
₹241.19
EPS
₹27.81
52W High
₹1,593.8
52W Low
₹614.25

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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48 extracted metrics + investor summaries across FY14–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

2
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 23.8%

Weaknesses

1
  • The company has delivered a poor sales growth of 8.15% over past five years.

Growth Rate

Revenue Growth
8.89% ↘
Net Income Growth
17.76% ↗
Cash Flow Change
-13.64% ↘
ROE
0.80% ↗
ROCE
2.75% ↗
EBITDA Margin (Avg.)
10.40% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 12d ago
AI opinion · based on fundamentals
Risk medium

Avanti Feeds is a near-debt-free shrimp feed leader with ~45-50% domestic market share, trading at a PE of 18.5x on a market cap of ₹12,278 crore. Consolidated net profit grew 41% YoY in FY25 to ₹557 crore, though top-line growth has been modest at an 8% five-year sales CAGR. The stock has re-rated sharply with a 35% one-year return, reflecting margin expansion and profit recovery.

Bull Case 8
  • Dominant market position with ~45-50% share in India's shrimp feed market, providing pricing power and scale advantages
  • Virtually debt-free balance sheet reduces financial risk and interest burden, supporting reinvestment capacity
  • Consolidated net profit surged 41% YoY in FY25 to ₹557 crore (from ₹394 crore in FY24), indicating strong earnings recovery
  • EBITDA margins expanded meaningfully — Q3 FY25 EBITDA margin improved 417 bps YoY to 14.6%, reflecting lower raw material costs and operating leverage
  • Consistent ROE averaging 18% over 3 years and 20% over 10 years signals efficient capital allocation
  • Indian shrimp feed market projected to grow at 15% CAGR from USD 2.3 billion (2025) to USD 8.5 billion by 2034, providing a structural tailwind
  • Compounded profit growth of 28% over 3 years outpaces revenue growth, demonstrating margin improvement and cost discipline
  • Healthy dividend payout of 23.8% with a 1.12% yield provides income while retaining capital for growth
Bear Case 8
  • Top-line growth has been sluggish at just 8% five-year sales CAGR and 6% three-year sales CAGR, reflecting volume stagnation in shrimp farming
  • Shrimp feed volumes grew at only 3.8% CAGR from 2018 to 2024, indicating limited organic volume expansion in the core segment
  • Heavy revenue concentration in shrimp ecosystem (~80% feed, ~20% processing) makes the company vulnerable to aquaculture-specific risks like disease outbreaks or weak export demand
  • Export dependence is high with 83% of processing revenue from North America — US trade policy changes or tariffs could materially impact realizations
  • PE of 18.5x on a modest 8% TTM revenue growth implies the stock is pricing in continued margin expansion that may not sustain — Q4 FY26 EBITDA margin already fell to 13.6% from 16.4% in Q4 FY25
  • PB ratio of 3.71x is elevated for a food products company with single-digit revenue growth, limiting margin of safety
  • Indian shrimp exports declined from 734,375 MT (FY22) to 719,357 MT (FY23), showing the industry faces periodic demand headwinds and price corrections
  • Stock has already re-rated 35% in one year and 31% CAGR over three years — much of the earnings recovery may already be priced in

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 13d ago
Positives 1
  • Strong FY26 revenue and profit Jul 23

    Avanti Feeds reports FY26 consolidated revenue of Rs. 6,06,585.82 lakhs and net profit of Rs. 65,680.22 lakhs, recommending Rs. 10 dividend per share.

Neutral 2
  • FY26 sustainability report filed Jul 22

    Avanti Feeds filed its Business Responsibility and Sustainability Report for FY 2025-26, detailing renewable energy usage, waste management, and employee welfare initiatives.

  • 33rd AGM scheduled Aug 14 Jul 20

    Avanti Feeds scheduled its 33rd AGM for August 14, 2026 via video conferencing. Board-recommended dividend for FY 2025-26 is subject to shareholder approval.

TL;DR: Avanti Feeds delivered strong FY26 financials with healthy revenue and profitability, supported by a Rs. 10 per share dividend recommendation. No visible headwinds emerged in recent news flow. The company is also progressing on ESG disclosures and corporate governance with its upcoming AGM. The trend appears stable to positive, though investors should watch for shrimp feed demand outlook and input cost commentary at the AGM.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,554
1,278
1,253
1,284
1,506
1,355
1,366
1,382
1,606
1,609
1,384
1,468
1,900
Expenses
1,416
1,185
1,157
1,154
1,346
1,219
1,205
1,205
1,392
1,416
1,208
1,303
1,794
Operating Profit
138
94
97
130
160
136
160
177
214
193
176
165
106
OPM %
9%
7%
8%
10%
11%
10%
12%
13%
13%
12%
13%
11%
6%
Other Income
33
34
34
36
35
42
39
50
51
50
63
35
66
Interest
0
0
0
1
1
1
1
1
1
0
1
1
0
Depreciation
13
14
14
14
14
15
15
15
16
16
16
15
14
PBT
157
113
116
151
180
162
184
211
249
227
222
184
157
Tax %
27%
27%
28%
25%
23%
25%
23%
26%
25%
26%
26%
24%
26%
Net Profit
115
83
83
113
138
121
141
157
186
169
163
139
116
EPS in Rs
7.81
5.45
5.32
7.64
9.41
8.34
9.92
11.14
13.09
11.25
10.96
9.18
7.58
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,709
1,935
2,616
3,393
3,488
4,115
4,101
5,036
5,087
5,369
5,599
6,066
6,360
Expenses
1,526
1,704
2,284
2,708
3,078
3,659
3,639
4,722
4,692
4,909
4,965
5,316
5,720
Operating Profit
182
231
332
684
410
456
461
314
395
460
634
750
640
OPM %
11%
12%
13%
20%
12%
11%
11%
6%
8%
9%
11%
12%
10%
Other Income
9
20
23
49
59
71
93
54
79
136
166
199
214
Interest
3
3
5
5
5
4
3
4
4
3
4
5
3
Depreciation
9
10
14
24
36
38
41
41
43
56
58
63
61
PBT
180
238
337
704
428
485
510
324
427
537
737
881
789
Tax %
35%
33%
33%
34%
28%
20%
22%
24%
27%
27%
24%
25%
—
Net Profit
116
158
226
466
307
386
397
245
312
394
557
657
587
EPS in Rs
8.52
11.56
15.83
32.78
20.08
25.43
26.43
16.26
20.45
26.21
38.81
44.48
38.97
Div. Payout %
22%
20%
19%
12%
20%
20%
24%
38%
31%
26%
23%
22%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
9
9
9
9
14
14
14
14
14
14
14
14
Reserves
256
414
626
1,022
1,192
1,390
1,748
1,882
2,082
2,352
2,787
3,272
Borrowings
58
11
19
7
9
2
4
4
3
17
15
13
Other Liabilities
154
189
414
488
400
475
517
617
636
716
867
961
Total Liabilities
478
623
1,069
1,526
1,615
1,880
2,282
2,516
2,735
3,098
3,683
4,260
Fixed Assets
90
104
160
312
293
271
292
273
398
497
564
592
CWIP
0
42
94
2
9
26
6
40
34
9
30
21
Investments
111
33
360
584
630
680
1,235
931
1,005
746
873
1,262
Other Assets
277
444
454
628
683
903
749
1,272
1,298
1,847
2,216
2,386
Total Assets
478
623
1,069
1,526
1,615
1,880
2,282
2,516
2,735
3,098
3,683
4,260
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
89
122
278
281
184
178
383
-212
451
260
584
505
Investing
-84
18
-408
-269
-27
-79
-366
299
-418
-218
-485
-385
Financing
-12
-74
101
-45
-106
-141
15
-68
-65
-63
-86
-104
Net Cash Flow
-6
66
-30
-34
51
-42
31
18
-32
-21
14
16
Free Cash Flow
73
56
187
201
160
144
340
-267
292
129
437
427
CFO/OP
82
84
116
76
80
62
110
-44
137
87
118
99
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
7
7
3
5
5
8
6
8
9
10
9
9
Inventory Days
59
68
63
79
51
61
63
85
71
75
75
79
Days Payable
24
34
44
43
24
24
27
26
25
27
21
20
Cash Conversion Cycle
42
41
22
41
32
44
42
67
55
57
64
67
Working Capital Days
15
28
15
29
25
36
34
57
45
48
39
38
ROCE %
65%
62%
57%
74%
33%
32%
26%
15%
18%
20%
24%
24%

Shareholding Pattern

As of Jun 2026
Promoters 43.23%
Others 26.96%
Public 12.54%
DIIs 7.36%
FIIs 7.19%
Government 2.72%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
43.69%
43.69%
43.68%
43.68%
43.68%
43.68%
43.28%
43.28%
43.28%
43.28%
43.28%
43.28%
43.25%
43.23%
43.23%
43.23%
43.23%
43.23%
43.23%
43.23%
43.23%
43.23%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
14.11%
14.28%
14.40%
14.47%
6.42%
7.59%
6.98%
7.98%
7.63%
7.19%
DIIs
3.01%
4.28%
5.15%
6.01%
8.05%
8.59%
8.42%
8.75%
9.55%
9.07%
8.41%
8.41%
7.47%
6.41%
5.81%
5.49%
5.07%
4.00%
4.19%
4.16%
6.82%
7.36%
Government
2.72%
2.72%
2.72%
2.72%
2.72%
2.72%
2.72%
2.72%
2.72%
2.72%
2.72%
2.72%
2.72%
2.72%
2.72%
2.72%
2.72%
2.72%
2.72%
2.72%
2.72%
2.72%
Public
14.89%
14.02%
13.61%
12.90%
12.84%
13.40%
13.49%
14.65%
13.84%
13.92%
13.76%
14.01%
13.97%
14.83%
15.26%
15.43%
14.84%
14.95%
15.52%
14.35%
12.36%
12.54%
Others
35.69%
35.29%
34.83%
34.68%
32.71%
31.61%
32.09%
30.60%
30.61%
31.01%
31.82%
31.58%
18.47%
18.53%
18.58%
18.66%
27.73%
27.51%
27.36%
27.56%
27.24%
26.96%
No. of Shareholders
1,15,019
1,12,004
1,15,868
1,07,745
1,05,548
1,09,089
1,05,567
1,15,176
1,13,730
1,12,344
1,09,295
1,08,983
1,10,902
1,21,268
1,41,006
1,42,103
1,36,266
1,26,372
1,21,964
1,21,432
1,16,798
1,22,500

Documents

Frequently Asked Questions about Avanti Feeds Ltd

What does Avanti Feeds Ltd do?
Avanti Feeds Ltd. manufactures and sells shrimp feed, and exports processed shrimp.[1]
Where is Avanti Feeds Ltd (AVANTIFEED) listed?
Avanti Feeds Ltd is listed on the Indian stock exchanges. It is listed on NSE: AVANTIFEED and BSE: 512573. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Avanti Feeds Ltd belong to?
Avanti Feeds Ltd operates in the Food Products sector within the Animal Feed industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Avanti Feeds Ltd?
Avanti Feeds Ltd has a market capitalisation of approximately ₹11900.37 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Avanti Feeds Ltd?
The Price-to-Earnings (PE) ratio of Avanti Feeds Ltd is 22.30. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Avanti Feeds Ltd?
Over the past 52 weeks, Avanti Feeds Ltd has traded between a low of ₹614.25 and a high of ₹1,593.8. This range helps investors understand the stock's price volatility and recent trading levels.
Does Avanti Feeds Ltd pay dividends?
Yes, Avanti Feeds Ltd has a dividend yield of 1.14%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Avanti Feeds Ltd?
Avanti Feeds Ltd has a Return on Equity (ROE) of 17.68%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Avanti Feeds Ltd on Tapetide?
On Tapetide, you can view Avanti Feeds Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Avanti Feeds Ltd. manufactures and sells shrimp feed, and exports processed shrimp.[1]

Website avantifeeds.com
CEO Dr. Alluri Indra Kumar
Employees 1,294
Listed 2015-04-15
Face Value ₹ 1
Issued Size 13,62,45,630

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